Thursday, 28/04/2011 17:09

TMP: Explanation for business difference in quarter 1/2011

Thac Mo Hydro Power Joint Stock Company (TMHPC) (HOSE: TMP) has explained profit decreased over 10% in quarter 1/2011 beside quarter 1/2010 as follows:

Unit: Million dongs

No.

Items

Quarter 1/2010

Quarter 1/2011

+/- Change

% Change

Reasons

 

-1

-2

-3

(4)=(3)-(2)

(5)=(4)/(2)

-6

1

Electricity production (million kwh)

159.16

75.95

-83.21

-52.28%

The water level at Thac Mo Lake was low because of small rainfall

2

Revenue from electricity

72.018

35.502

-38.516

-53.48%

Decreasing production made the revenue decrease

3

Profit before tax

1.978

-4.978

     

hose

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